The Norman Hotel is a trophy investment opportunity comprising one of Brisbane’s most iconic hotels for sale by Tony Bargwanna and Michael Harcourt of Savills.

The two storey hotel features 33 gaming machine licences (including 21 Landlord-owned) plus an iconic restaurant, public bar, function area, beer garden, TAB and Keno.

The Norman Hotel features a 20 year Net lease to October 2026 plus two 15 year options to circa 2056 and is operated by the Power family – a family that is steeped in Queensland hospitality industry history for generations since the 1930s.

The Property features convenient, grade level car parking for 72 vehicles providing a substantial future development opportunity by virtue of its Mixed Use MU1 (Inner City) zoning with a permitted building height of 6 storeys (STCA).

The Norman Hotel is located 2.5 radial kilometres south of the Brisbane CBD in the metropolitan suburb of Woolloongabba, the recently announced home of the 2032 Brisbane Olympic Games.

The established inner city suburb of Woolloongabba is well-known around the world, being home to The Gabba stadium, officially known as the Brisbane Cricket Ground. The suburb has transformed in recent years due its proximity to the CBD and major public transport and road infrastructure with a range of mixed use and higher density residential developments emerging within the precinct.

The area’s gentrification is set to accelerate with Brisbane’s $5.4 billion Cross River Rail project, earmarked for completion by 2024, enhancing the suburb’s connectivity to the CBD. The Woolloongabba Station will be just one stop (approximately three minutes) from the Brisbane CBD.

An associated station precinct will further transform the area into a vibrant mixed-use hub, linking the Woolloongabba Cross River Rail Station with The Gabba stadium via a range of commercial, residential and retail developments.

The Gabba stadium is also set for a major $1 billion redevelopment with the existing stadium being redeveloped to accommodate a 50,000 seat venue, which will play host to the Brisbane 2032 Olympic Games Opening and Closing ceremonies.

 These projects, together with the global spotlight that accompanies the Olympic Games is likely to continue propelling Woolloongabba into an era of major growth and urban renewal. Source: Queensland Government

The Norman Hotel Woolloongabba is offered for sale by Private Negotiation.

To request a copy of the Information Memorandum please contact one of the marketing agents Tony Bargwanna and Michael Harcourt of Savills via the contact details below.

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